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EQIX · Equinix Inc · Financials

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$967.65 +12.62 (+1.32%)
Market Cap
$94.23B
Shares
98.67M
Volume · Oct 26 716.38K Avg daily vol (3M) 551.68K

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$9.22B +5.4%
FY2025 Revenue FY2008–FY2025
Net Income
$1.35B +65.6%
FY2025 Net Income FY2008–FY2025
Gross Margin
51.09% +2.2pp
FY2025 Gross Margin FY2008–FY2025
Operating Margin
20.05% +4.9pp
FY2025 Operating Margin FY2008–FY2025
Diluted EPS
$13.76 +61.9%
FY2025 Diluted EPS FY2008–FY2025
Operating Cash Flow
$3.91B +20.4%
FY2025 Operating Cash Flow FY2008–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008
$9.81B $9.22B $8.75B $8.19B $7.26B $6.64B $6B $5.56B $5.07B $4.37B $3.61B $2.73B $2.44B $2.15B $1.89B $1.57B $1.2B $882.51M $704.68M
$4.76B $4.51B $4.47B $4.23B $3.75B $3.47B $3.07B $2.81B $2.61B $2.19B $1.82B $1.29B $1.2B $1.06B $944.62M $829.02M $652.16M $483.42M $414.8M
$5.05B $4.71B $4.28B $3.96B $3.51B $3.16B $2.92B $2.75B $2.47B $2.18B $1.79B $1.43B $1.25B $1.09B $942.76M $736.6M $544.06M $399.09M $289.88M
— 51.09% 48.94% 48.36% 48.35% 47.67% 48.75% 49.48% 48.63% 49.8% 49.59% 52.62% 50.98% 50.56% 49.95% 47.05% 45.48% 45.22% 41.14%
$933M $903M $891M $855M $787M $741.23M $718.36M $651.05M $633.7M $581.72M $438.74M $332.01M $296.1M $246.62M $202.91M $158.35M $110.77M $63.58M $66.91M
$1.86B $1.84B $1.77B $1.65B $1.5B $1.3B $1.09B $935.02M $826.69M $745.91M $694.56M $493.28M $438.02M $374.79M $328.27M $265.55M $220.62M $155.32M $146.56M
— $200M $208M $208M $205M $205.48M $199.05M $196.28M $203.42M $177.01M $122.86M $27.45M $27.76M $27.03M $23.58M $19.06M $13.63M $5.56M $6.61M
$2.16B $2.05B $2.01B $1.85B $1.74B $1.66B $1.42B $1.28B $1.23B $1.04B $837.21M $525.58M $481.69M $432.73M $390.69M $333.73M $250.72M $173.53M —
$33M $33M $31M $0 $0 — — — — — — $0 $0 -$4.84M — $3.48M $6.73M -$6.05M $3.14M
$7.67B $7.37B $7.42B $6.75B $6.06B $5.53B $4.95B $4.39B $4.09B $3.56B $2.99B $2.16B $1.93B $1.69B $1.49B $1.26B $1B $701.43M $631.42M
$2.14B $1.85B $1.33B $1.44B $1.2B $1.11B $1.05B $1.17B $977.38M $809.01M $618.74M $567.34M $509.27M $460.93M $392.9M $305.92M $193.6M $181.08M $73.26M
— 20.05% 15.18% 17.62% 16.52% 16.7% 17.55% 21.03% 19.27% 18.52% 17.13% 20.81% 20.84% 21.41% 20.82% 19.54% 16.18% 20.52% 10.4%
$4.3B $3.9B $3.34B $3.29B $2.94B $2.76B $2.48B $2.45B $2.2B $1.85B $1.46B $1.09B $990.96M $893.66M $783.59M $639.65M $444.32M $354.61M —
$569M $527M $457M $402.02M $356.34M $336.08M $406.47M $479.68M $521.49M $478.7M $392.16M $299.06M $270.55M $248.79M $200.33M $181.3M $140.48M $74.23M $61.68M
$171M $193M $137M $94M $36M $2.64M $8.65M $27.7M $14.48M $13.08M $3.48M $3.58M $2.89M $3.39M $3.47M $2.28M $1.52M $2.38M $8.94M
-$36M -$7M -$17M -$11M -$51M -$50.65M $6.91M $27.78M $14.04M $9.21M -$57.92M -$60.58M $119K $5.25M -$2.21M $2.82M $692K $2.39M $1.31M
-$32M -$17M -$24M -$12M -$9M — — — — — — — — — — — — — —
$1.71B $1.51B $975M $1.12B $829M $608.95M $516.23M $692.6M $433.04M $286.83M $159.86M $211M $84.73M $112.28M $188.62M $129.72M $48.78M $109.03M $20.31M
$175M $160M $161M $155M $124M $109.22M $146.15M $185.35M $67.68M $53.85M $45.45M $23.22M $345.46M $16.16M $58.56M $37.35M $12.56M $39.6M -$87.62M
$1.53B $1.35B $815M $969M $705M $500.19M $369.78M $507.45M $365.36M $232.98M $126.8M $187.77M -$259.55M $94.69M $140.03M $94.78M $36.88M $69.43M $107.92M
— 14.65% 9.32% 11.83% 9.71% 7.54% 6.16% 9.12% 7.2% 5.33% 3.51% 6.89% -10.62% 4.4% 7.42% 6.05% 3.08% 7.87% 15.32%
-$3M -$2M -$1M $0 $0 -$463K $297K -$205K $0 $0 — — — — -$3.12M $1.39M — — —
— — — — — — — — — — — — — — — $82.53M $36.88M $69.43M —
$1.56B $1.73B $370M $1.07B $401M $327.81M $391.02M $518.54M $206.97M $396.94M -$313.28M $11.16M -$458.91M $81.96M $182.68M $63.1M $22.1M $124.99M -$40.99M
USD/shares $15.59 $13.79 $8.54 $10.35 $7.69 $5.57 $4.22 $6.03 $4.58 $3.03 $1.81 $3.25 -$4.96 $1.92 $2.92 $1.77 $0.84 $1.80 $2.91
USD/shares $15.54 $13.76 $8.50 $10.31 $7.67 $5.53 $4.18 $5.99 $4.56 $3.00 $1.79 $3.21 -$4.96 $1.89 $2.83 $1.74 $0.82 $1.75 $2.79
shares — 97.88M 95.46M 93.62M 91.57M 89.77M 87.7M 84.14M 79.78M 76.85M 70.12M 57.79M 52.36M 49.44M 48M 46.96M 43.74M 38.49M 37.12M
shares — 98.12M 95.83M 94.01M 91.83M 90.41M 88.41M 84.68M 80.2M 77.54M 70.82M 58.48M 52.36M 50.12M 51.82M 47.9M 44.81M 39.68M 41.58M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2011–FY2025: $446.79M in buybacks, $11.32B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Finance lease liabilities 2026-06-30 USD 2,280,000,000 10-Q filed 2026-07-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current finance lease liabilities
USD 176,000,000
Noncurrent finance lease liabilities
USD 2,104,000,000
Long-term debt, including current maturities 2026-06-30 USD 19,873,000,000 10-Q filed 2026-07-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current portion of loans payable
USD 9,000,000
Noncurrent loans payable
USD 11,000,000
Operating lease liabilities 2026-06-30 USD 1,367,000,000 10-Q filed 2026-07-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
USD 156,000,000
Noncurrent operating lease liabilities
USD 1,211,000,000
1 filing observation remains unmatched and is excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.400% Senior Notes due 2031

Note · Equinix Asia Financing Corporation Pte. Ltd.

Reference: 4.400% Senior Notes due 2031

Active
Original principal
USD 700,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 15, 2031

Last reported interest terms: 4.4% Reported 2026-03-05 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-03-05 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2026-03-05
    On March 5, 2026, Equinix Asia Financing Corporation Pte. Ltd. (the “***Singapore Finco***”), a private company limited by shares incorporated under the laws of the Republic of Singapore and an indirect, wholly-owned subsidiary of Equinix, Inc. (the “***Guarantor***”), a Delaware corporation, issued and sold $700,000,000 aggregate principal amount of its 4.400% Senior Notes due 2031 (the “***2031 Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2031 Guarantee***”, and together with the 2031 Notes, the “***2031 Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Singapore Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2031 Notes, the Singapore Finco entered into cross-currency swaps with certain counterparties to effectively swap the principal amount of the Singapore Finco’s obligation under the 2031 Notes to Singapore Dollars. On an after-swapped basis, the 2031 Notes carry an effective interest rate of approximately 2.6% per annum.
    Issuer evidence: On March 5, 2026, Equinix Asia Financing Corporation Pte. Ltd. (the “***Singapore Finco***”), a private company limited by shares incorporated under the laws of the Republic of Singapore and an indirect, wholly-owned subsidiary of Equinix, Inc. (the “***Guarantor***”), a Delaware corporation, issued and sold $700,000,000 aggregate principal amount of its 4.400% Senior Notes due 2031 (the “***2031 Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2031 Guarantee***”, and together with the 2031 Notes, the “***2031 Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Singapore Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2031 Notes, the Singapore Finco entered into cross-currency swaps with certain counterparties to effectively swap the principal amount of the Singapore Finco’s obligation under the 2031 Notes to Singapore Dollars. On an after-swapped basis, the 2031 Notes carry an effective interest rate of approximately 2.6% per annum.
    Supporting evidence: The 2031 Notes will bear interest at the rate of 4.400% per annum and will mature on March 15, 2031. Interest on the 2031 Notes is payable semi-annually on March 15 and September 15 of each year, beginning on September 15, 2026.
    Supporting evidence: On March 5, 2026, Equinix Asia Financing Corporation Pte. Ltd. (the “***Singapore Finco***”), a private company limited by shares incorporated under the laws of the Republic of Singapore and an indirect, wholly-owned subsidiary of Equinix, Inc. (the “***Guarantor***”), a Delaware corporation, issued and sold $700,000,000 aggregate principal amount of its 4.400% Senior Notes due 2031 (the “***2031 Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2031 Guarantee***”, and together with the 2031 Notes, the “***2031 Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Singapore Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2031 Notes, the Singapore Finco entered into cross-currency swaps with certain counterparties to effectively swap the principal amount of the Singapore Finco’s obligation under the 2031 Notes to Singapore Dollars. On an after-swapped basis, the 2031 Notes carry an effective interest rate of approximately 2.6% per annum.
    Supporting evidence: On March 5, 2026, Equinix Asia Financing Corporation Pte. Ltd. (the “***Singapore Finco***”), a private company limited by shares incorporated under the laws of the Republic of Singapore and an indirect, wholly-owned subsidiary of Equinix, Inc. (the “***Guarantor***”), a Delaware corporation, issued and sold $700,000,000 aggregate principal amount of its 4.400% Senior Notes due 2031 (the “***2031 Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2031 Guarantee***”, and together with the 2031 Notes, the “***2031 Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Singapore Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2031 Notes, the Singapore Finco entered into cross-currency swaps with certain counterparties to effectively swap the principal amount of the Singapore Finco’s obligation under the 2031 Notes to Singapore Dollars. On an after-swapped basis, the 2031 Notes carry an effective interest rate of approximately 2.6% per annum.

4.700% Senior Notes due 2033

Note · Equinix Europe 2 Financing Corporation LLC

Reference: 4.700% Senior Notes due 2033

Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Mar 15, 2033

Last reported interest terms: 4.7% Reported 2026-03-05 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-03-05 Original principal USD 800,000,000 Exact source document Parent 8-K filing · 2026-03-05
    Also on March 5, 2026, Equinix Europe 2 Financing Corporation LLC (the “***Europe 2 Finco***”), a Delaware limited liability company and an indirect, wholly-owned subsidiary of the Guarantor, issued and sold $800,000,000 aggregate principal amount of its 4.700% Senior Notes due 2033 (the “***2033 Notes***”, and together with the 2031 Notes, the “***Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2033 Guarantee***”, and together with the 2033 Notes, the “***2033 Securities***”, the 2031 Securities and 2033 Securities are collectively referred to as the “***Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Europe 2 Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2033 Notes, the Europe 2 Finco entered into cross-currency swaps with certain counterparties to effectively swap a portion of the principal amount of the Europe 2 Finco’s obligation under the 2033 Notes to Euros. The swapped portion of the 2033 Notes carry an effective interest rate of approximately 3.6% per annum.
    Issuer evidence: Also on March 5, 2026, Equinix Europe 2 Financing Corporation LLC (the “***Europe 2 Finco***”), a Delaware limited liability company and an indirect, wholly-owned subsidiary of the Guarantor, issued and sold $800,000,000 aggregate principal amount of its 4.700% Senior Notes due 2033 (the “***2033 Notes***”, and together with the 2031 Notes, the “***Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2033 Guarantee***”, and together with the 2033 Notes, the “***2033 Securities***”, the 2031 Securities and 2033 Securities are collectively referred to as the “***Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Europe 2 Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2033 Notes, the Europe 2 Finco entered into cross-currency swaps with certain counterparties to effectively swap a portion of the principal amount of the Europe 2 Finco’s obligation under the 2033 Notes to Euros. The swapped portion of the 2033 Notes carry an effective interest rate of approximately 3.6% per annum.
    Supporting evidence: The 2033 Notes will bear interest at the rate of 4.700% per annum and will mature on March 15, 2033. Interest on the 2033 Notes is payable semi-annually on March 15 and September 15 of each year, beginning on September 15, 2026.
    Supporting evidence: Also on March 5, 2026, Equinix Europe 2 Financing Corporation LLC (the “***Europe 2 Finco***”), a Delaware limited liability company and an indirect, wholly-owned subsidiary of the Guarantor, issued and sold $800,000,000 aggregate principal amount of its 4.700% Senior Notes due 2033 (the “***2033 Notes***”, and together with the 2031 Notes, the “***Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2033 Guarantee***”, and together with the 2033 Notes, the “***2033 Securities***”, the 2031 Securities and 2033 Securities are collectively referred to as the “***Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Europe 2 Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2033 Notes, the Europe 2 Finco entered into cross-currency swaps with certain counterparties to effectively swap a portion of the principal amount of the Europe 2 Finco’s obligation under the 2033 Notes to Euros. The swapped portion of the 2033 Notes carry an effective interest rate of approximately 3.6% per annum.
    Supporting evidence: Also on March 5, 2026, Equinix Europe 2 Financing Corporation LLC (the “***Europe 2 Finco***”), a Delaware limited liability company and an indirect, wholly-owned subsidiary of the Guarantor, issued and sold $800,000,000 aggregate principal amount of its 4.700% Senior Notes due 2033 (the “***2033 Notes***”, and together with the 2031 Notes, the “***Notes***”), fully and unconditionally guaranteed by Equinix, Inc. (the “***2033 Guarantee***”, and together with the 2033 Notes, the “***2033 Securities***”, the 2031 Securities and 2033 Securities are collectively referred to as the “***Securities***”), pursuant to an underwriting agreement dated February 19, 2026, among the Europe 2 Finco, the Guarantor and the several underwriters named in Schedule II thereto. Subsequent to the offering of the 2033 Notes, the Europe 2 Finco entered into cross-currency swaps with certain counterparties to effectively swap a portion of the principal amount of the Europe 2 Finco’s obligation under the 2033 Notes to Euros. The swapped portion of the 2033 Notes carry an effective interest rate of approximately 3.6% per annum.

4.400% Senior Notes due 2031

Note · Equinix Asia Financing Corporation Pte. Ltd.

Reference: 4.400% Senior Notes due 2031

Active
Original principal
USD 700,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 4.4% Reported 2026-03-05 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-03-05 Original principal USD 700,000,000 Exact source document Parent 8-K filing · 2026-03-05
    WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 4.400% Senior Notes due 2031 (the “**Initial Notes**”) in an initial aggregate principal amount of $700,000,000, on the terms set forth herein;
    Issuer evidence: FIRST SUPPLEMENTAL INDENTURE, dated as of March 5, 2026 (this “**Supplemental Indenture**”), to the Indenture dated as of February 13, 2026 (as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the “**Base Indenture**” and, as amended, modified and supplemented by this Supplemental Indenture, the “**Indenture**”), by and among Equinix Asia Financing Corporation Pte. Ltd. (the “**Issuer**”), Equinix, Inc. (the “**Guarantor,**” as more fully set forth in ‎Section 1.01), and U.S. Bank Trust Company, National Association, as trustee (the “**Trustee**”).
    Supporting evidence: WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 4.400% Senior Notes due 2031 (the “**Initial Notes**”) in an initial aggregate principal amount of $700,000,000, on the terms set forth herein;
    Supporting evidence: WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 4.400% Senior Notes due 2031 (the “**Initial Notes**”) in an initial aggregate principal amount of $700,000,000, on the terms set forth herein;

4.700% Senior Notes due 2033

Note · Equinix Europe 2 Financing Corporation LLC

Reference: 4.700% Senior Notes due 2033

Active
Original principal
USD 800,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 4.7% Reported 2026-03-05 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-03-05 Original principal USD 800,000,000 Exact source document Parent 8-K filing · 2026-03-05
    WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 4.700% Senior Notes due 2033 (the “**Initial Notes**”) in an initial aggregate principal amount of $800,000,000 on the terms set forth herein;
    Issuer evidence: EIGHTH SUPPLEMENTAL INDENTURE, dated as of March 5, 2026 (this “**Supplemental Indenture**”), to the Indenture dated as of March 18, 2024 (as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the “**Base Indenture**” and, as amended, modified and supplemented by this Supplemental Indenture, the “**Indenture**”), by and among Equinix Europe 2 Financing Corporation LLC (the “**Issuer**”), Equinix, Inc. (the “**Guarantor,**” as more fully set forth in ‎Section 1.01), and U.S. Bank Trust Company, National Association, as trustee (the “**Trustee**”).
    Supporting evidence: WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 4.700% Senior Notes due 2033 (the “**Initial Notes**”) in an initial aggregate principal amount of $800,000,000 on the terms set forth herein;
    Supporting evidence: WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 4.700% Senior Notes due 2033 (the “**Initial Notes**”) in an initial aggregate principal amount of $800,000,000 on the terms set forth herein;

5.250% Senior Notes due 2031

Note · Equinix Europe 2 Financing Corporation LLC

Reference: 5.250% Senior Notes due 2031

Active
Original principal
USD 850,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 5.25% Reported 2026-08-06 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-08-06 Original principal USD 850,000,000 Exact source document Parent 8-K filing · 2026-08-06
    WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 5.250% Senior Notes due 2031 (the “**Initial Notes**”) in an initial aggregate principal amount of $850,000,000 on the terms set forth herein;
    Issuer evidence: NINTH SUPPLEMENTAL INDENTURE, dated as of August 6, 2026 (this “Supplemental Indenture”), to the Indenture dated as of March 18, 2024 (as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the “Base Indenture” and, as amended, modified and supplemented by this Supplemental Indenture, the “Indenture”), by and among Equinix Europe 2 Financing Corporation LLC (the “Issuer”), Equinix, Inc. (the “Guarantor,” as more fully set forth in ‎Section 1.01), and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
    Supporting evidence: WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 5.250% Senior Notes due 2031 (the “Initial Notes”) in an initial aggregate principal amount of $850,000,000 on the terms set forth herein;
    Supporting evidence: WHEREAS, the Issuer and the Guarantor have duly authorized the execution and delivery, and desire and have requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Issuer and the guarantee by the Guarantor of a series of Notes designated as its 5.250% Senior Notes due 2031 (the “Initial Notes”) in an initial aggregate principal amount of $850,000,000 on the terms set forth herein;

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
11.41×
Peer median 11.22×
EV/EBIT
52.33×
Peer median 24.28×
P/E (TTM)
61.46×
Peer median 28.66×
P/FFO (FY2025)
35.32×
Peer median 22.48×
P/AFFO (FY2025)
25.06×
Peer median 18.74×
EV/Adj. EBITDA (FY2025)
24.70×
Peer median 16.84×

Peer medians compare against the 8 similar-size REIT - Specialty companies (of 20 listed).

P/FFO and P/AFFO and EV/Adj. EBITDA use the company-stated “FFO attributable to common stockholders” and “AFFO attributable to common stockholders” and “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

P/FFO and P/AFFO and EV/Adj. EBITDA use the company-stated “FFO attributable to common stockholders” and “AFFO attributable to common stockholders” and “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Americas Segment $4,111,000,000 $3,862,000,000 $3,617,000,000 $3,349,000,000 $3,021,751,000 $2,707,758,000 $2,587,727,000 $2,484,734,000
EMEA Segment $3,130,000,000 $2,967,000,000 $2,838,000,000 $2,342,000,000 $2,155,216,000 $1,996,389,000 $1,806,444,000 $1,562,637,000
Asia Pacific Segment $1,976,000,000 $1,919,000,000 $1,733,000,000 $1,572,000,000 $1,458,570,000 $1,294,398,000 $1,167,969,000 $1,024,283,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
United States $3,600,000,000 $3,300,000,000 $3,100,000,000 $2,900,000,000 $2,600,000,000 $2,500,000,000 $2,400,000,000 $2,300,000,000
United Kingdom — — $822,000,000 — — — — —

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Colocation $6,475,000,000 $6,058,000,000 $5,765,000,000 $5,083,000,000 $4,642,214,000 $4,259,001,000 $4,022,207,000 $3,670,171,000
Interconnection $1,655,000,000 $1,519,000,000 $1,395,000,000 $1,268,000,000 $1,161,502,000 $1,023,258,000 $893,589,000 $801,965,000
Non-Recurring Revenues $478,000,000 $564,000,000 $443,000,000 $392,000,000 $415,052,000 $340,515,000 $323,954,000 $295,152,000
Managed Infrastructure $466,000,000 $467,000,000 $452,000,000 $415,000,000 $380,857,000 $337,345,000 $292,628,000 $279,632,000
Other $143,000,000 $140,000,000 $133,000,000 $105,000,000 $35,912,000 $38,426,000 $29,762,000 $24,734,000
Key facts CIK 1101239 CUSIP 29444U700 13F (30d) 327 filings 321 filers Visit website Investor relations